Ap State Financial Corp. Hyd v. Dy Commr of Income-tax Assts Hyd
[Citation -2014-LL-0812-48]

Citation 2014-LL-0812-48
Appellant Name Ap State Financial Corp. Hyd
Respondent Name Dy Commr of Income-tax Assts Hyd
Court HIGH COURT OF HYDERABAD FOR THE STATE OF TELANGANA AND THE STATE OF ANDHRA PRADESH
Relevant Act Income-tax
Date of Order 12/08/2014
Judgment View Judgment
Keyword Tags guarantee commission • commission paid


THE HON'BLE SRI JUSTICE L. NARASIMHA REDDY AND HON'BLE SRI JUSTICE T. SUNIL CHOWDARY I.T.T.A.No.17 of 2002 JUDGMENT: (Per Justice L.Narasimha Reddy ) In this appeal, filed under Section 260-A of Income Tax Act, 1961, appellant has challenged common order, dated 03.10.2001, passed by Hyderabad Bench of Income Tax Appellate Tribunal in ITA No.1978/Hyd/92 and 1245/Hyd/95. question involved is, as to whether appellant is entitled to claim reduction of guarantee commission paid by it to Government of Andhra Pradesh. same question fell for consideration before this Court in ITTA No.9 of 2002, which in turn was filed by appellant itself. Through order, dated 22.07.2014, passed in ITTA No.9 of 2002, this Court allowed appeal and held that appellant is entitled to reduction of guarantee commission paid by it to Government of Andhra Pradesh from its income. Following same, we allow this appeal also. There shall be no order as to costs. As sequel, miscellaneous applications if any pending in this appeal shall stand closed. L. NARASIMHA REDDY, J T. SUNIL CHOWDARY, J Date: 12.08.2014. Kvsn/Ys Ap State Financial Corp. Hyd v. Dy Commr of Income-tax Assts Hyd
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